MCB Group Stock

MCB Group Limited, together with its subsidiaries, provides various banking and financial products and services in Mauritius and internationally.

The company delivers a wide range of financial products and services across customer segments to help clients achieve their growth ambitions and meet their transactional needs. Clients have at their disposal multiple channels and platforms and can avail of innovative digital and payments solutions.

Through its banking and non-banking entities, the company provides its clients in Mauritius, Africa and beyond, with customised and innovative financial solutions, as well as dedicated advice to meet their ambitions. The company's personal financial services include Deposit accounts (current and savings), multi-currency accounts, forex transactions, overdrafts, debit, credit and pre-paid cards, distribution of general insurance cover, branch network, ATM, internet banking, mobile banking: MCB Juice, SMS banking, local and international money transfers, mobile refill and payments, standing order instructions and direct debits, bank drafts, book transfers, bill payments, home loans, personal loans, education loans, car financing and green lease, green loans, microfinance, Lombard facilities, education plan/retirement plan, investment funds, custodian services, fixed deposits, distribution of life insurance plans, treasury bills and government bonds, financial planning, discretionary portfolio management, non-discretionary investment management, investment trade execution, and access to private equity groups and deals.

The company synergies are tapped into to provide clients with required solutions, e.g. provision of investor-related services and pursuance of the 'Bank of Banks' initiative. Through the latter, the company seeks to provide adapted solutions linked to trade finance, payments, global markets and securities services, as well as advisory and consulting services, amongst others, to support the growth of counterparts, mainly in Africa.

Retail

The company caters for the day-to-day and lifetime needs of retail customers. In addition to lending and deposit facilities, adapted account packages are offered to its individual customers across age and income groups.

Private Banking and Wealth Management

The company nurtures client relationships through the delivery of dedicated advisory services and offerings, including investment and wealth management solutions, which are geared towards the safeguard, growth and transmission of the assets of its resident and non-resident affluent and high net worth client base, while also serving external asset managers through tailored value proposition.

Business Banking

The company acts as a financial partner to small and medium and mid-market enterprises by providing them with customized solutions to meet their growth endeavours and accompanying them during their business development cycle, while facilitating their access to new markets and alternative sources of finance.

Corporate and Institutional Banking

The company assists domestic large corporate and institutional clients by offering them flexible solutions and dedicated advice to meet their growth and capacity building ambitions as well as their transactional needs. While leveraging the Mauritian jurisdiction, it also attends to the needs of diverse customer segments doing business within and into Africa, and ventures beyond. The coverage in this segment consists of specialist teams focusing on Mauritian & Regional Corporates; Global & International Corporates; Specialised Finance (which comprises Energy & Commodities financing as well as Power & Infrastructure financing); and Financial Institutions and Syndication. In line with the company's 'Africa Forward Together' strategy, the company is also continuously collaborating with other financial institutions to help improve their value offering as part of its 'Bank of Banks' initiative and build stronger and meaningful partnerships towards better servicing its clients in foreign markets.

Corporates & Institutions

The company's Payments & Cash Management Solutions include electronic points of sale and cards acquiring services; corporate credit cards; E-commerce; international transfers; SWIFT services; transfers and remittances; cash management solutions, internet banking and SmartApprove application; mobile banking solutions; SWIFT gpi; and host to Host application. The company's Financing Solutions include short and long term loans; green loans; syndicated loans; bridging loans; private equity; mezzanine financing; structured finance; factoring; microfinance; operating and finance lease; asset-based lending; Lokal is beautiful Scheme; Lombard facilities; express overdraft, overdrafts and working capital; and leasing.

The company's transactional banking includes business debit and deposit card; deposit accounts; multi-currency accounts; internet banking; bank drafts; forex transactions; overdrafts; and mobile banking: MCB JuicePr. The company's international trade finance includes Import and export; credit protection; bank guarantees; standard trade finance; structured commodity finance; L/C re-issuance/confirmation; secondary asset trading; traditional trade finance solutions; trade receivables and payable financing; and supply chain financing.

The company's business services include checking facilities; payroll services; secretarial services; online business account opening; and bulk payment. Its Foreign Exchange Services include currency swaps, spot and forward deals, interest rate swaps, and international transfer and remittances. The company's investment related services include investment trade execution; structured products; structured credit; investment advisory services (real assets and private equity); securities and custodian services; brokerage services; investment management; and dual currency deposits. Its outsourcing and advisory services include payments outsourcing; consulting and project management services; and online marketplace: PUNCH. PUNCHis a B2B online marketplace which allows the company's local entrepreneurs to find solutions to business challenges, make meaningful connections and have access to interesting resources for growth.

Strategy

The company's strategy is to strengthen its domestic position; expand its non-bank activities; and grow its international footprint.

History

MCB Group Limited was founded in 1838. The company was incorporated in 2013.